Retail - Gasoline Service Stations | Retail - Convenience Stores

Asking Price	$99,000	Inventory
Gross Income	$1,750,000	Real Estate
Cash Flow	$60,000	Year Established	2006
FF&E	N/A	Employees	4

* included in the asking price

** not included in the asking price

This branded full-service gas station is located near Newport, RI on a busy numbered route. Average monthly gasoline volume is 40,000 gallons at an average profit margin of 11 cpg. The facility has a 1,270 square foot building with two repair bays and an electric lift in each bay. The bays have average revenues of about $13,000 per month. There is a Rhode Island state inspection machine that produces between 70-100 inspections per month at $19 per inspection. There is one dispenser island with two Wayne blending dispensers with credit card readers and an overhead canopy. The are three 8,000 gallon tanks (Two NL and one Super), which are single-walled fiberglass installed in 1987. Lot size is 16,500 +/- square feet. Building is 1,980 +/- square feet. Highlights: Sales: 40,000 gallons of fuel per month. Equipment on-site owned by Landlord: Three single-walled fiberglass tanks (8000 NL, 8000 NL, 8000 Super), two Wayne blending dispensers with card readers, canopy, lifts, Veeder-Root TLS 350 tank monitor and Ruby cash register console. Gasoline contract: Site is required to be a Sunoco station until 2014. Fuel contract is with a Sunoco distributor, currently at rack price plus 2 cents per gallon. RE Taxes: $12,000 (Estimated FYE 2008).

Facilities: The lot size is 16,500 +/- square feet and the building is 1,271 +/- square feet. There is a Rhode Island state inspection machine and two electric lifts. There is a tire machine and wheel balancer. The site is leased for $4000 per month NNN. The lease has three years left, but the lessor will consider extending the lease to a new tenant. The lessor is a gasoline distributor who provides the fuel for the site at a price of rack plus 2 cents per gallon.

Competition: The station is on a busy numbered route and there is normal competition.

Growth/Expansion: The site is not currently run by a mechanic. A mechanic could increase service bay sales significantly.

Support/Training: Reasonable support provided.

Reason Selling: Seller is moving to Florida.